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Feb 8, 2013
02/13
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so we're just going to have to wait and see. >> i heard that amr did have a serious effort to think about staying out on its own if they can get the money together. >> absolutely this stance has been going on for a time now. >> thanks jess. >>> all right celebrating carnivale and brazil's five day extravaganza begins today. >> adult beverages coming up next. some savory dishes tooment we're going to travel -- too. we're going to travel a bit for a tast >>> did you know brazil's carnivale begins today? right before ash wednesday. and if you want to celebrate and you obviously can't get down there. we have a solution for you. joinings us now just meeting now. i'm mike nice to meet you. >> i'm matt. >> and that name of the restaurant? seca? >> it's actually a magical tweet on south america. >> you're right here in the district. >> yep, 14 and g.. >> one of the things you're going to do is one help us and two you said bread is one of the big things you're going to work on for the big celebration. >> it's a brazilian festival down there and goes a week long. the biggest party of the year. we'r
so we're just going to have to wait and see. >> i heard that amr did have a serious effort to think about staying out on its own if they can get the money together. >> absolutely this stance has been going on for a time now. >> thanks jess. >>> all right celebrating carnivale and brazil's five day extravaganza begins today. >> adult beverages coming up next. some savory dishes tooment we're going to travel -- too. we're going to travel a bit for a tast...
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Feb 7, 2013
02/13
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according to "the wall street journal," american airlines parent amr and us airways are hashing out final details of major merger. meanwhile, keep an eye on boeing today. the ntsb will deliver an update on the dream liner investigation in washington this morning. the plane maker says it's working on design changes to the lithium ion batteries used in the dreamliners in hopes of getting the grounded jets back in the air. on wednesday, federal regulators told boeing they could resume one test flight with a crew but no passengers. >>> elsewhere, yahoo shares took off in late trade on news they struck an advertising deal with google. home depot is hiring 80,000 seasonal workers for this spring. that's 10,000 more hires than last year. listen up. if you're one of millions of americans answering work e-mails at home, a case is moving forward in chicago filed by a cop who claims he and fellow officers are owed overtime pay for answering calls and scanning e-mails off duty on their blackberries. >>> after ten years, apple reached a new milestone. 25 billion songs have now been purchased on itunes
according to "the wall street journal," american airlines parent amr and us airways are hashing out final details of major merger. meanwhile, keep an eye on boeing today. the ntsb will deliver an update on the dream liner investigation in washington this morning. the plane maker says it's working on design changes to the lithium ion batteries used in the dreamliners in hopes of getting the grounded jets back in the air. on wednesday, federal regulators told boeing they could resume...
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Feb 7, 2013
02/13
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but clearly it's a moving story along with the amr/usair story. guys? >> well, question on the amr story. what is the timing? why is this happening now? and you know, it struck me as you were doing your report, we were showing b-roll of these new american airplanes, right? so they are spending a fortune to redo their planes, a whole new logo system. i don't know if the ultimate combined airline would be called american -- >> it would. >> i hope for the 5789 of spending. but why now given that they've had this opportunity now for at least six to eight months? >> you've got the creditors. they have got a deadline coming up on february 15th. and by the way, that's not a hard and fast deadline. in other words, if they don't have a deal worked out, it's done. they can get that extended in bankruptcy court. and so that's what they're pushing for. they would like to have that done. the creditors believe that they're fairly close in terms of all of the financial details. getting this all worked out. so, that's what's driving this right now. and the other thing,
but clearly it's a moving story along with the amr/usair story. guys? >> well, question on the amr story. what is the timing? why is this happening now? and you know, it struck me as you were doing your report, we were showing b-roll of these new american airplanes, right? so they are spending a fortune to redo their planes, a whole new logo system. i don't know if the ultimate combined airline would be called american -- >> it would. >> i hope for the 5789 of spending. but...
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american airlines' parent amr and usairways are reportedly hashing out the final details of their merger. which could be announced in the next week or two. a deal would create the world's biggest airline. the "wall street journal" says the transaction would be part of american's reorganization in bankruptcy court in order to take it out of bankruptcy. the carrier filed for chapter 11 at the end of 2011. under the deal, amr's creditors would control the majority of the new company. >>> and boeing is reportedly working on a redesigned battery aimed at minimizing fire risks on the troubled 787 dreamliner jet which has been grounded worldwide. the "wall street journal" reporting boeing hopes to get the passenger plane flying again as soon as march. the faa has given the company permission to make a special one-time test flight from texas to washington state that would be very, very controlled. the ntsb meantime says it's probably going to be weeks away from completing its probe into the battery incidents. this has really been a big mystery. but folks are -- are happy that it at least it's --
american airlines' parent amr and usairways are reportedly hashing out the final details of their merger. which could be announced in the next week or two. a deal would create the world's biggest airline. the "wall street journal" says the transaction would be part of american's reorganization in bankruptcy court in order to take it out of bankruptcy. the carrier filed for chapter 11 at the end of 2011. under the deal, amr's creditors would control the majority of the new company....
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Feb 7, 2013
02/13
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amr would get about 72% of the new company. us airways shares up 2.3% in frankfurt. >>> speaking of airlines, boeing is reportedly working on a battery redesign aimed at battery risks on its 787 dreamliner. the faa has given the company permission to make a special one-time test flight from texas to washington state. the ntsb says it's probably weeks away from completing its probe into the battery incident. boeing shares, which have suffered on news of this -- of the dreamliner, but not tremendously. you look, they're down 3% over the last month or so. today, down by 0.3 5%. >> news corp. profits more than doubled on one-time gain for acquisitions. several businesses have underperformed. the u.s. version of "x-factor" had smaller ratings. the company saw lower ad revenue for its australian papers. as a result, the stock is down 3% in after hours. really, bskyb helps to -- it's a plus point for them. >> visa's first quarter profits rose 25%, beating forecasts as consumers use their credit and debit cards more during the holidays
amr would get about 72% of the new company. us airways shares up 2.3% in frankfurt. >>> speaking of airlines, boeing is reportedly working on a battery redesign aimed at battery risks on its 787 dreamliner. the faa has given the company permission to make a special one-time test flight from texas to washington state. the ntsb says it's probably weeks away from completing its probe into the battery incident. boeing shares, which have suffered on news of this -- of the dreamliner, but...
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Feb 7, 2013
02/13
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"the wall street journal" reports that american airlines parent amr and u.s. airways are hashing out the final details of this deal. the all stock deal would be executed as a reorganization that takes american out of contactor 11 -- chapter 11 bankruptcy protection. >>> a new look at black america and disturbing results. black unemployment is much higher than the overall population and unemployed longer. the black unemployment rate is 13.8%. workers unemployed for 99 weeks, 29% ever black. having a college degree doesn't necessarily help as much as it does for other job seeking populations. >>> budget cuts are forcing the u.s. postal service to cut out saturday mail delivery. it will still deliver packages on saturdays but letters and magazines will be limited to monday through friday. the postmaster says this move will save $2 billion a year. that is still short of the $16 billion the postal service lost last year alone. this just goes to show anybody can get hacked. the latest hacking victim, the federal reserve. an outside party gamed access to the website
"the wall street journal" reports that american airlines parent amr and u.s. airways are hashing out the final details of this deal. the all stock deal would be executed as a reorganization that takes american out of contactor 11 -- chapter 11 bankruptcy protection. >>> a new look at black america and disturbing results. black unemployment is much higher than the overall population and unemployed longer. the black unemployment rate is 13.8%. workers unemployed for 99 weeks,...
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Feb 7, 2013
02/13
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there's a board meeting for amr on monday. "wall street journal" is reporting they are racing to get details of a deal done. we know deals before with american haven't really been embraced altogether by the board because some people wanted to come out of bankruptcy as a stand-alone company and then maybe do a merger after that. so you have a couple of things here. you've got these industry pressures to merge to get bigger and also american is in the bankruptcy process and coming out of it. so this would be an all stock deal, according to the journal, that would be executed as part of the reorganization, taking american out of chapter 11 protecti protection. again, the journal saying that they're working real fast to try to get this done. let me tell you about the other big air story of the day and that is boeing. following developments in boeing this morning, we now know that the government has allowed -- will allow one faierry flight oa dreamliner from ft. worth to seattle. they have to check all the batteries, all the cables
there's a board meeting for amr on monday. "wall street journal" is reporting they are racing to get details of a deal done. we know deals before with american haven't really been embraced altogether by the board because some people wanted to come out of bankruptcy as a stand-alone company and then maybe do a merger after that. so you have a couple of things here. you've got these industry pressures to merge to get bigger and also american is in the bankruptcy process and coming out...
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Feb 11, 2013
02/13
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this week, regarding amr or not? >> i think there have been a lot of reports to that effect. my sense is, it may be as soon as that as well. you have all the signs lining up. including potential agreement in terms of dove parker, ceo, tom port staying on for at least a year. current ceo of american. very close to an agreement on ownership structure in terms of somewhere around 72% of the combined company being opened by amr creditors, and equity recovery value. we sometimes forget about that as we take a look at u.s. airways and what this would mean to the competitors. the power in latin america, as you pointed out. but there may actually be recovery value for the equity of american airlines. which is rare, and probably somewhat unexpected, certainly when this company filed for bankruptcy some time back, having avoided that fate like so many others, but finally needing to reorganize, to try to get its unions to agree to certain pay cuts and things of that nature that would put its pay scale in line with the rest of the industry. they feel they've done that, largely taken many
this week, regarding amr or not? >> i think there have been a lot of reports to that effect. my sense is, it may be as soon as that as well. you have all the signs lining up. including potential agreement in terms of dove parker, ceo, tom port staying on for at least a year. current ceo of american. very close to an agreement on ownership structure in terms of somewhere around 72% of the combined company being opened by amr creditors, and equity recovery value. we sometimes forget about...
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Feb 8, 2013
02/13
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. >> amr could be -- >> the root structure, when you put the two together, latin america -- >> it's going to be a powerhouse, no doubt about it. especially the latin american routes and -- that's why it's likely going that way. they seem to have agreed to a 72% or so share, in terms of the creditors owning 72% of the equity. >> jim, you're leaving for vacation. and your birthday's coming up this weekend. >> on sunday, yes. i've waited until after the football season. >> in sort of the "six in sixty" mode, we'll do six cupcakes in 60 seconds. >> thank you very much. >> have a great one. >> you are the man. >> when we come back, jim will burn those off in ten seconds. >>> you know and love "six in sixty," cramer will rattle them off when "squawk on the street" comes right back. >>> a bit of a rally on our hands here, simon hobbs. what else is coming up? >> a first on cnbc interview with tim armstrong who will be here in the next hour of the program. we'll look how dangerous it is to invest in fast food now, with mcdonald's reporting, and also the latest on nemo. jetblue coo will join us liv
. >> amr could be -- >> the root structure, when you put the two together, latin america -- >> it's going to be a powerhouse, no doubt about it. especially the latin american routes and -- that's why it's likely going that way. they seem to have agreed to a 72% or so share, in terms of the creditors owning 72% of the equity. >> jim, you're leaving for vacation. and your birthday's coming up this weekend. >> on sunday, yes. i've waited until after the football...
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Feb 7, 2013
02/13
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KRON
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the board directors of american's parent company amr corp. is slated to meet monday to consider the agreement, an announcement could be made the next day. but the american and u.s. air worry airways boards have given the green light for the merger to occur. >> netflix what a saturday mail delivery even though the weekend service help keep the company's dvd by mail subscribers happy. the postal service plan to shift to reduce home delivery to five days a week instead of six might even make net flicks slightly more profitable by lowering the cost for sending out its familiar red envelopes with the beast. --dvd that's because the that the subscribers may be able to watch see whsee wher fewer dvdse same monthly price. netflix 's dvd subscribers have shrunk from a 2011 peak of 24.6 million to 8.2 million as more people pay to watch a video streaming or the internet. ♪ i -- i got it, i got it made ♪ i got it made, i got it made ♪ i got it made ♪ fresh at subway ♪ breakfast made the way i say [ male announcer ] at subway, you got breakfast
the board directors of american's parent company amr corp. is slated to meet monday to consider the agreement, an announcement could be made the next day. but the american and u.s. air worry airways boards have given the green light for the merger to occur. >> netflix what a saturday mail delivery even though the weekend service help keep the company's dvd by mail subscribers happy. the postal service plan to shift to reduce home delivery to five days a week instead of six might even make...
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Feb 7, 2013
02/13
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usairways and american airlines' parent company amr are reportedly in talks of a merger. right now the negotiations are described as fluid, but if a deal goes through, it would create the world's largest airline. the combined company would also have a market cap of $10 billion. >>> "the new york times," the u.s. has tightened economic sanctions on iran to force the ayatollah's hand to halt its nuclear program. this morning iran's supreme leader rejected proposals for direct nuclear talks with the united states. there's a concern that the effects of tighter economic sanctions will not have the desired impact despite a drop in oil exports and currency value, "the times" reports say the restrictions already in place have done little to slow economic development in tehran. >>> "the washington post," u.s. senator bob menendez tried to intercede on two occasions for his friend, florida doctor salomon melgan whose offices were raided by the fbi. occasion officials found he overbilled medicare by almost $9 million and ordered him to repay. twice menendez contacted officials to sa
usairways and american airlines' parent company amr are reportedly in talks of a merger. right now the negotiations are described as fluid, but if a deal goes through, it would create the world's largest airline. the combined company would also have a market cap of $10 billion. >>> "the new york times," the u.s. has tightened economic sanctions on iran to force the ayatollah's hand to halt its nuclear program. this morning iran's supreme leader rejected proposals for direct...
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Feb 7, 2013
02/13
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a deal looks close for amr's american to take it over, become the number one brand. does consolidation mean airlines just got more attractive. >>> we start off with the retailers, january report card, macy's posting an 11.7% jump in same-store saturday and raising guidance. stellar results from some of the retailers. >> such a mixed picture. some guys -- kohl's, people decided their clearance is moving the stock up nicely. gap strong happens moved. consistently great job. people talking about urban outfitters doing a great job, doesn't seem like the stocks right now are moving the way you would think they would. i don't know how many people are counting on this particular month -- >> a short month, bleedover from the holidays. the rate of beats, 59% is the strongest since august, which was 86%, thanks to mkm partners. the number of them that have outpaced expectations is pretty big, relative to everything else. >> this is historically the one month i don't care about valentine's day matters for retail. i think one of the takeaways from the conference calls we have ha
a deal looks close for amr's american to take it over, become the number one brand. does consolidation mean airlines just got more attractive. >>> we start off with the retailers, january report card, macy's posting an 11.7% jump in same-store saturday and raising guidance. stellar results from some of the retailers. >> such a mixed picture. some guys -- kohl's, people decided their clearance is moving the stock up nicely. gap strong happens moved. consistently great job. people...